Increasing cosmetics and frozen food demand is expected to positively influence the global thioglycolates market over the forecast period. Chocolate ingredients, cosmetics, frozen food additives and sodium reducing agents are a few notable thioglycolates applications. Frozen bakery industry, a major thioglycolates end-use industry over the last few years, is touted to witness rapid growth in the near future. Rising meat & dairy products consumption coupled with increasing bakery, sauce and condiments demand is slated to aid the global market over the next six years. Rising population and disposable income levels in emerging economies such as China, India, Brazil, Malaysia and Russia are projected to drive their respective regional market development.

North America dominated the thioglycolates market over the last few years due to pervasive applications spread across numerous industries. Emerging economies such as India, China and Brazil are expected to witness brisk market growth due to high regional thioglycolates demand. U.S. and China dominated their respective regional markets over the recent years.

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